Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 27

Saturday, July 10, 2010

Komfie Manalo, Opalesque Asia:

Last week, we heard of fund launches from C12 Capital Management (new fund); Shengbei Guo’s GSB Podium Advisors (GSB Statistical Arbitrage Fund statistical arbitrage); new firm Chartwell Trading (event-driven); Natixis (Ucits III): Oakley Alternative Investment Management (FoHF); Fondaco SGR SpA (L/S Equity and absolute return); Skandia Investment Group (SIG) re-launched Skandia Ethical Fund; Credit Suisse Group AG to spin-off two credit hedge funds; and Neuberger Berman (Ucits global thematic).

***

VR Capital Group Ltd. closed two funds valued at $654m because of poor performance.

***

Hennessee’s indices declined in June. The Hennessee Hedge Fund Index fell -1.35% in June (+0.20% YTD) HFRI Fund Weighted Composite Index, declined -0.18% in June, -0.18 YTD Lyxor Global Hedge Fund Index returned-0.59% in June, +0.09% YTD HFRX Global Hedge Fund Index declined by -0.94% (est.) in June, -1.20% YTD Ucitsindex.com: UCITS HFS Index dropped -0.15% in June, up 1.89% YTD Nara Capital's UCITS Alternative Index Global fell -0.69% in June, -0.80% YTD Credit Suisse Liquid Alternative Beta (LAB) Index returned -0.4% in June, 0.12% YTD.

***

International financial services firm Rothstein Kass said that majority of hedge fund firms believe 2010 would be a “trying year” for assets building but remain optimistic; June was relatively flat for the hedge fund industry. Hedge Fund Research Inc said that the $2ln hedge fund industry lost 0.94% in June but most hedge funds dodged big losses; the HFN said hedge funds lost 0.51% in June (+0.40% YTD) as investors withdrew $2.45bn;

***

In terms of performance, Man Group's assets declined 2.3% with FuM now at $38.5bn; John Paulson lost 6.9% in June in his Advantage Plus hedge fund which brought his first-half decline to 8.8%, but he remains bullish despite losses; Och-Ziff Capital Management LLC assets los......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1